LOAN PROCEDURE

Econstruct has partnered with Neev Finance for easy facilitation of loan for the students who
need financial assistance. Visit https://www.neevfinance.com for more information about
the company.

Steps followed are :

1. You can take detailed information about loan from

Vinay [Business Development Manager at NEEV FINANCE]

+91 9886288168

Or apply online at
https://www.neevfinance.com/apply-education-loan/
2. If candidate is applying through loan, the following list of documents are required:

1. Pan Card

2. Address proof : Aadhaar & gas bill copy

3. Recent 3 months’ salary credited bank statement

4. Recent 2 months’ salary slip

5. Fee structure [provided by Econstruct depending on the course applying for]

6. Student details [Aadhaar Card, PAN card (if applicable), Passport size photographs]

7. Submission of Cheque

8. 2 reference number one from family and one from friend and your email ID

Mobile: +91 9036744017 Email: shraddha@e-construct.in

Please note : Loan tenure and Loan amount will depend on the course you are applying for. If
candidate is applying for composite program, the loan tenure is equal to course duration [12-14
months].

3 . Once the document verification is done. The loan can be sanctioned within 3-7 days.

Disclaimer : The loan facility is being provided by Econstruct for student’s assistance. Econstruct
holds no responsibility if the loan is not sanctioned before the batch starting date. We
recommend the candidate to expedite the process of document submission to get the loan
approval.

Mobile: +91 9036744017 Email: shraddha@e-construct.in

Documents:
At the time of Loan Application:

1. KYC of APPLICANT:

a. Aadhar Card
b. PAN Card
c. Latest 3 months Bank Statements
d. Income documents (Latest year Income Tax Return/Latest 1 month of Payslip)

2. Fee structure provided by the institute.

Income Documents of Applicant

Latest One month of Pay Slip Latest year IT returns (Optional)

Credit Income
Proof of Business like

(Optional)

At the time of Loan Disbursal:

 The applicant needs to sign on the Agreement/E-Agreement, Physical NACH form/E-NACH

and Vernacular signature form if require.
 The applicant needs to pay PF and advance EMI. Payment can be made thru
Cheque/DD/NEFT/IMPS/Wallet/UPI/Cash are accepted.
 The applicant needs to submit 1 security cheque and minimum 5 EMI cheques.
Neev Finance – Loan Process Flow
A. Sourcing: Online / Offline

Offline:
1. Submitting physical hard copy to our dedicated executive placed at branch wise.

Online:
1. Apply Online - https://www.neevfinance.com/apply-education-loan/

Or

2. A borrower can also share the documents according to the checklist via email i.e.
contactus@neevfinance.com

Or

3. Share soft copy through our dedicated WhatsApp contact.

B. File processing (Operation + Credit):

Once a loan application has been received with complete documentation (As per Annexure), the case
will be decisioned within TAT of 16 working hours and the decision will be communicated to the Student
and Institute.

C. Post Sanction:
Our executive will get in touch with borrower for completion of Loan Agreement completion which
includes
1. Loan Agreement Signatures (The same can be done Digitally as well)
2. Submission of Cheques / NACH Signatures (Nach can be done digitally for selected banks as per NPCI).

D. Funds Disbursal:
Post completion of disbursement documentation formalities Neev will transfer the funds to the
beneficiary i.e. Institute’s account within 24 hrs.
Detailed MIS will be shared with the Institute post every loan Disbursal.